German jobless rate at record low in February

Chris Papadopoullos was City A.M.'s economics reporter until February 2016.

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Chris Papadopoullos

UNEMPLOYMENT in Germany declined by 20,000 to 2.81m in February, official figures show.

The unemployment rate remained unchanged at 6.5 per cent – the lowest since the records began in the 1990s, data from Germany’s Federal Labour Office yesterday revealed.

The positive data come after figures showed the German economy – the largest in the Eurozone – had grown by 0.7 per cent in the final three months of 2014. It marks a strong rebound from six months ago, when economists worried Germany might be slipping into recession for the third time since 2008.